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Stocks to Watch: June 9, 2016

Check out which companies are making headlines before the bell:

J.M. Smucker — The food producer earned an adjusted $1.44 per share for its latest quarter, beating estimates by 24 cents a share. Revenue also beat Street forecasts. Smucker's results were helped by lower coffee prices, as well as good sales of its Dunkin' Donuts-branded K-Cup pods. The company also gave a better-than-expected forecast for the full year.

Tempur Sealy — The mattress maker added $200 million to its stock repurchase program.

Restoration Hardware — The luxury furnishings retailer lost 5 cents per share for its latest quarter. Analysts had expected a 5-cents-per-share profit. Overall revenue did beat estimates, but comparable-store sales were up a less-than-expected 4 percent. The company also cut its full-year outlook. Product delays were among the factors impacting Restoration Hardware's bottom line.

Qualcomm — Brean Capital downgraded the chip maker's stock to "hold" from "buy," citing pricing headwinds and a trend in the smartphone market toward lower-end products, among other factors.

Fitbit — Wedbush began coverage on the wearable fitness device maker with an "outperform" rating, pointing to multiple opportunities to expand its installed base including corporate wellness programs.

Sysco — The food distribution company received European Union antitrust approval for its $3.1 billion purchase of British food distributor Brakes Group.

LinkedIn — RBC Capital upgraded LinkedIn to "outperform" from "sector perform," saying the business social network operator's shares are still reasonably valued and that the company is still well-positioned versus its rivals.

Pandora — Axiom Capital upgraded the online music service's stock to "buy" from "hold," saying it sees a greater opportunity now for Pandora to build a differentiated and successful service.

Vail Resorts — The resort operator earned $4.23 per share for its latest quarter, 3 cents a share above estimates. Revenue was shy of forecasts, however. Vail said it saw a slight drop in international visitation at its Colorado resorts, but added that overall trends were positive and that it was raising its 2016 earnings forecast.

Boston Scientific — Boston Scientific announced a restructuring that the medical device maker said would save up to $150 million per year by 2020. However, the company said it expected overall headcount to remain roughly the same.

United Continental — United said revenue passenger miles fell 1.2 percent in May compared to a year earlier. The airline said it continues to be impacted by a strong U.S. dollar and travel reductions from oil industry customers, among other factors.

Vodafone — Vodafone gained control of New Zealand pay TV provider Sky Network in a complex deal worth about $2.4 billion. Sky will buy all the shares of Vodafone's New Zealand unit, a move that gives Vodafone a 51 percent stake in the combined company. — Amazon unveiled a British version of its food delivery service, AmazonFresh.

LendingClub — The online lender suffered a website outage late Wednesday, citing a data center problem as the cause.

Apple — Apple's victory over Samsung in a long-running smartphone patent case could be overturned, if the Justice Department has its way. The department has asked the Supreme Court to overturn the appeals court ruling that favored Apple. That appeals court ruling in May 2015 did reverse part of Samsung's liability and cut Samsung's penalty to $548 million from the original $930 million.

Pfizer — The drugmaker's long-acting opioid painkiller Troxyca ER received a positive recommendation from a Food and Drug Administration panel, although the panel did express doubts about some claims that it deters drug abuse. The FDA does not have to follow the recommendations of its panels, but most often does so.

PepsiCo — The snack and beverage giant may soon announce another change in the formulation of Diet Pepsi, after a change in artificial sweeteners last August failed to stem sliding sales. The Wall Street Journal said the change could come as early as this week.

Envision Healthcare Holdings — Envision is in talks to merge with rival health care services provider AmSurg, according to The Wall Street Journal. The paper said the discussions are advanced and that a deal could be announced as soon as next week.

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